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Operations

Grizzly is levering its diversified, 800,000-acre portfolio of more than 30 oil sands properties in the Athabasca, Peace River and Cold Lake regions of Alberta, Canada, as it moves into the project development and operations phases. The Company’s technical focus is to advance the SAGD development model through facility design innovation, while developing well-understood reservoirs like the McMurray sands through the proven SAGD approach, creating a “resource manufacturing” process. Construction of the first phase at Algar Lake was completed in winter 2013/2014 and 'first oil' was achieved in the second quarter of 2014. Algar Lake Phase 1 demonstrates Grizzly’s unique, modular ARMS facility model works.